Foreign investment - contributor to Vietnam's economic growth

(VOVWORLD) - Foreign media last week called foreign investment attraction one of the factors contributing to Vietnam's economic growth.

Foreign investment - contributor to Vietnam's economic growth - ảnh 1

European companies are more inclined to invest in Vietnam and confident about Vietnam's growth prospects, according to Le Petit Journal and Fiber to Fashion. A European Chamber of Commerce in Vietnam (EuroCham) report indicates that Vietnam's Doing Business Index increased 73% in the first quarter of 2022 and up to 69% of EuroCham members in Vietnam believed that Vietnam's economy will record stability and growth in the second quarter.

Investment in Vietnam's start-ups reaches record high in 2021, according to Japan’s Jetro webpage. There were 165 investment projects in Vietnamese start-ups, an increase of more than 57% compared to 2020, with a total value of more than 1.44 billion USD. Nakajima Takeo, Vice President of the Japan Business Association in Vietnam (JCCI), said Japanese businesses consider Vietnam an attractive investment destination because the country has a stable socio-political landscape, high-quality workforce, abundant land and office resources, and reasonable prices.

Foreign direct investment in Vietnam continues to be the bright spot of the economy, said the General Statistics Office. In the first 4 months of this year, foreign direct investment capital was estimated at more than 5.9 billion USD, up 7.6% over the same period last year.

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